Concur to Acquire GlobalExpense

By Concur, PRNE
Monday, June 6, 2011

LONDON, June 7, 2011 -

- Acquisition of leading UK expense claim management provider expands
Concur's local market leadership

Concur (Nasdaq: CNQR), a global leader in integrated travel and expense
management, today announced it has agreed to acquire privately held
GlobalExpense, a London-based market leader in Web-based end-to-end expense
management, for 12 million pounds Sterling, plus a performance-based
contingent earn-out of up to 2 million pounds Sterling. Concur expects the
acquisition to close in its fourth fiscal quarter. The acquisition is subject
to customary closing conditions.

"Concur continues to execute against our growth strategies and extend our
global leadership in travel and expense management by focusing on the local
needs of every market we serve," said Steve Singh, chairman and CEO of
Concur. "This acquisition reflects our commitment to continue growing
Concur's investment and presence to serve the large untapped travel and
expense management market in Europe. The acquisition expands and enhances
Concur's extended services offerings by leveraging GlobalExpense's core
strengths in receipt validation, VAT and income tax compliance, and their
extensive knowledge of UK tax legislation. We welcome the GlobalExpense team
to Concur and look forward to working together to deliver even more value to
employees, clients and partners."

"For GlobalExpense, this combination represents the next step in the
company's continued commitment to helping clients take control of their
organisation's employee expenses," said David Vine, CEO of GlobalExpense.
"Concur and GlobalExpense have had parallel strategies, each with a deep
belief in providing greater insight and control into spending. We're excited
about the opportunities to provide greater value."

Details Regarding the GlobalExpense Acquisition

The acquisition is expected to increase revenues by approximately $0.5
for the fiscal quarter ending September 30, 2011 and by approximately
$5 million for the fiscal year ending September 30, 2012. The acquisition is
expected to be accretive to non-GAAP pre-tax net income for the fiscal year
ending September 30, 2012.

Concur was advised by Taylor Wessing LLP on the transaction.

About Concur

Concur(R) is a leading provider of integrated travel and expense
management solutions for companies of all sizes. Concur's easy-to-use
web-based and mobile solutions help companies and their employees control
costs and save time. Learn more at

This press release contains forward-looking statements that are
inherently uncertain. These forward-looking statements, such as the
statements made by Messrs. Singh and Vine, are based on current expectations
and involve many risks and uncertainties that could cause actual results to
differ materially from current expectations. Factors that could cause or
contribute to actual results differing from current expectations include, but
are not limited to: potential difficulties or delays in connection with the
GlobalExpense acquisition, including the anticipated timing of completion of
the acquisition, the anticipated benefits of the acquisition, or the broader
integration of the Concur and GlobalExpense businesses; potential delays in
market adoption and penetration of our service offerings; potential
difficulties associated with our deployment and support of our products and
services; our ability to manage expected growth of our service offerings,
including those integrating the GlobalExpense expense management service;
retention and expansion of customers; continued use and adoption of on-demand
services; the scalability of the hosting infrastructure for our integrated
service offerings; changes in the level of business travel that may reduce
the use of our products and services or inhibit new sales of our integrated
products and services; potential difficulties associated with strategic
relationships and with development of new products and services, including
those incorporating GlobalExpense's offerings; uncertain market acceptance of
our combined products and services or future products and services; and the
overall level of customer demand for corporate expense management products
and services.

Please refer to the company's public filings made with the SEC
( for additional and more detailed information on risk
factors that could cause actual results to differ materially from current
expectations. Concur assumes no obligation to update the forward-looking
information contained in this press release.

Investors, John Torrey, Concur, +1-425-497-5986, john.torrey at; Media, Stacey Jones, +44-20-7067-0543, stacey.jones at, or Holly Barnes, +44-207-067-0513, Holly.Barnes at, both of Weber Shandwick for Concur

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